IT week 8 assignment

IT week 8 assignment - to help complete all tasks at hand....

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Resources: Ch. 11 of Essentials of Management Information Systems . Answer the following questions in 200- to 300-words: o Identify and describe the five major variables of project management. o Describe any considerations for each variable. o What are the factors that influence project risk? o Identify strategies that could minimize a project’s risks? Project management for information systems must deal With five major variables: scope, time, cost, quality, and risk. The five major variables of project management are Scope, Time, Cost, Quality, and risk. Scope refers to the work that is reflected through the project, and also to the work that is not reflected through the project. Time refers to how long it took to complete the project. Cost Refers to the amount of money that was spent to complete project. Completing a project can be costly; the project maker usually has to pay for all expenses that are needed to complete the project. Cost also includes the amount of money that is needed to hire other human help,
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Unformatted text preview: to help complete all tasks at hand. The project manager also has to come up with a budget for each expense. Quality refers to the outlook of the project. The quality of a project must be excellent in order to have it approved by management. Also the manager of the project must be satisfied with the finishing product. Risk is referring to as the obstacle that the project may face, that may make the project low quality. There are many risks that can occur when managing a project; the project can be increased in time, the cost can be over spending, and can go over the desired budget, and the project can end up having poor quality. A strategy that can be used to minimize the projects risk is to have a strict plan and stick to it. Another strategy that can be used to decrease a projects risks is to have dedicated and devoted workers, so you are not wasting money or time, and come up with a project that is not consider high quality....
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This note was uploaded on 03/25/2012 for the course IT 205 taught by Professor Kurts during the Winter '08 term at University of Phoenix.

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